Tariff shift opens doors for Vietnam’s steel, but risks loom
Taxes could level the playing field against competitors that previously faced lower duties, analysts say
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[HO CHI MINH CITY] Vietnam’s steel industry finds itself at a pivotal juncture, navigating a landscape of both promising opportunities and significant challenges stemming from recent US tariff adjustments.
While the country has emerged as a key steel supplier to the US, having experienced a dramatic surge in exports, it now faces the complexities of potential anti-dumping investigations and the need to adjust pricing strategies.
Vietnam ranks among the US’ top 10 steel suppliers and Asean’s largest, with exports surging 159 per cent year on year to US$983 million in 2024, according to US Customs.
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